Flood Insurance terms starting with F

9 terms

  1. Federal Emergency Management Agency (FEMA) Federal agency responsible for the emergency evaluation and response to all disasters, natural and man-made.
  2. Federal Policy Fee A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the National…
  3. Flood A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least…
  4. Flood Disaster Protection Act (FDPA) of 1973 Made the purchase of flood insurance mandatory for the protection of property located in Special Flood Hazard Areas.
  5. Flood Hazard Boundary Map (FHBM) Official map of a community issued by the Federal Insurance Administrator, where the boundaries of the flood, mudflow, and related erosion areas having…
  6. Flood Insurance Rate Map (FIRM) Official map of a community on which the Mitigation Division Administrator has delineated both the special hazard areas and the risk premium zones…
  7. Flood Zone (Zone) A geographical area shown on a Flood Hazard Boundary Map or a Flood Insurance Rate Map that reflects the severity or type of flooding in the area.
  8. Floodplain Any land area susceptible to being inundated by floodwaters from any source.
  9. Floodplain Management The operation of an overall program of corrective and preventive measures for reducing flood damage, including but not limited to, emergency preparedness…